Quote from: ananas99 on December 04, 2017, 06:27:27 AM

Quote from: Nomteck on October 28, 2017, 11:32:17 PM

What the hell ?

And you wanted to earn and not earn on you. Well, there is no price at the height of the prospect is, then the fees can be made good. And there is your business whether you should pay them or not. But after all, the fee changes with time, maybe you went to not the best time.

The problem due to which we end up paying such hefty amont of fees is that fees is measured by sats/bytes units. Even after transaction compressing and segwit we are still not able to reduce the size of transactions to such an amount which is bearable as fees. Lightning network proposes a better idea to reduce fees however this idea will also give a flop show with continued increase in fees.

The best idea? Here on the forum I read suggestion of a person who says that fees must be kept as a percentage in fiat. Well this idea suits me a lot if only miners are ready to accept it. Because it will make their earning stagnent. Believe it or not bitcoin is now being run by authority of miners and there number is so low that the system end up being quite central. This is my suggestion to reduce the fees or else it will make BTC an asset used for investment purposes only.